Financial expert analyzes: Gothaer Group with stable figures and positive outlook for 2023

Financial expert analyzes: Gothaer Group with stable figures and positive outlook for 2023

According to a report by www.rundschau-online.de, the Gothaer Group recorded above-average growth in all three business areas in 2023. The CEO, Oliver Schoeller, emphasized that it was a challenging year in which Gothaer acted stably despite unexpected influencing factors. Group growth was 6.2 percent, with all three business areas – composite, health insurance and life insurance – exceeding the market average. Only the life insurance market saw premiums decline, although less than the rest of the market.

The calculated effects on the market show that Gothaer was able to further consolidate its market position through its above-average growth and stable performance in a challenging time. The group growth of 6.2 percent as well as the growth in the individual business areas have positive effects on the company's competitiveness and could lead to an increase in market share.

In the consumer sector, Gothaer's strong growth means that consumers will have a wider choice of insurance products and may benefit from improved benefits and conditions. In addition, increasing sales could have a positive impact on contributions and premiums.

Overall, Gothaer's development shows a positive picture that points to successful strategic decisions and a strong market position.

With the planned merger between Gothaer and Wuppertaler Krankenversicherung Barmenia, the complementarity of both companies could be further increased. This could lead to synergies and strengthen competitiveness in the insurance market.

The top grade in Assekurata's sustainability rating also underlines Gothaer's sustainable and future-oriented actions, which could have long-term positive effects on the group's image and attractiveness.